this post was submitted on 03 Mar 2024
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As someone from the USA, I am curious how would this work? The bill mandates that payments go out, but if it is not tied to a specific source of income to compensate, and some hard year happens (maybe this upcoming one) and there are insufficient funds, what happens then?
As someone from the USA, don’t you know how this works? Congress votes for stuff without worrying about how to pay for it all the time. When there are hard years, you issue more debt. When there are easy years, you issue less debt but still don’t really reign in debt because your constituents demand more stuff and less taxes.